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EXAMPLE 15 |
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Single person taxed under Schedule D |
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|
GROSS |
PRSI/Levy Liability |
Tax Liability |
Total |
Gain as % of |
||
|
INCOME |
Existing |
Proposed |
Existing |
Proposed |
Gain |
Net Income |
|
€ |
€ |
€ |
€ |
€ |
€ |
% |
|
12,000 |
360 |
360 |
880 |
880 |
0 |
0.0 |
|
13,000 |
390 |
390 |
1,080 |
1,080 |
0 |
0.0 |
|
14,000 |
420 |
420 |
1,280 |
1,280 |
0 |
0.0 |
|
15,000 |
450 |
450 |
1,480 |
1,480 |
0 |
0.0 |
|
16,000 |
480 |
480 |
1,680 |
1,680 |
0 |
0.0 |
|
17,000 |
510 |
510 |
1,880 |
1,880 |
0 |
0.0 |
|
18,000 |
540 |
540 |
2,080 |
2,080 |
0 |
0.0 |
|
19,000 |
950 |
950 |
2,280 |
2,280 |
0 |
0.0 |
|
20,000 |
1,000 |
1,000 |
2,480 |
2,480 |
0 |
0.0 |
|
25,000 |
1,250 |
1,250 |
3,480 |
3,480 |
0 |
0.0 |
|
30,000 |
1,500 |
1,500 |
4,920 |
4,920 |
0 |
0.0 |
|
35,000 |
1,750 |
1,750 |
7,020 |
7,020 |
0 |
0.0 |
|
40,000 |
2,000 |
2,000 |
9,120 |
9,120 |
0 |
0.0 |
|
45,000 |
2,250 |
2,250 |
11,220 |
11,220 |
0 |
0.0 |
|
50,000 |
2,500 |
2,500 |
13,320 |
13,320 |
0 |
0.0 |
|
55,000 |
2,750 |
2,750 |
15,420 |
15,420 |
0 |
0.0 |
|
60,000 |
3,000 |
3,000 |
17,520 |
17,520 |
0 |
0.0 |
|
70,000 |
3,500 |
3,500 |
21,720 |
21,720 |
0 |
0.0 |
|
80,000 |
4,000 |
4,000 |
25,920 |
25,920 |
0 |
0.0 |
|
90,000 |
4,500 |
4,500 |
30,120 |
30,120 |
0 |
0.0 |
|
100,000 |
5,000 |
5,000 |
34,320 |
34,320 |
0 |
0.0 |
|
110,000 |
5,500 |
5,500 |
38,520 |
38,520 |
0 |
0.0 |
|
120,000 |
6,000 |
6,000 |
42,720 |
42,720 |
0 |
0.0 |
|
130,000 |
6,500 |
6,500 |
46,920 |
46,920 |
0 |
0.0 |